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Republicans suggest Senate, not Justice Department, investigate Powell, Semafor reports

ReutersFeb 12, 2026 10:14 AM

- In a closed-door meeting with Senate Republicans Wednesday, U.S. Treasury Secretary Scott Bessent agreed with lawmakers who suggested the Senate Banking Committee could investigate Federal Reserve Chair Jerome Powell, instead of the Justice Department, Semafor reported on Thursday, citing sources.

Reuters could not immediately verify the report.

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